Commerce Bank raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 55.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,069 shares of the company's stock after buying an additional 4,321 shares during the quarter. Commerce Bank's holdings in Caesars Entertainment were worth $390,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC purchased a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $25,000. Hexagon Capital Partners LLC purchased a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $29,000. Quadrant Capital Group LLC raised its position in shares of Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company's stock valued at $30,000 after purchasing an additional 293 shares during the last quarter. American National Bank purchased a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $31,000. Finally, Assetmark Inc. raised its position in shares of Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company's stock valued at $35,000 after purchasing an additional 479 shares during the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.
Get Caesars Entertainment alerts:Wall Street Analysts Forecast Growth
Several brokerages recently commented on CZR. Morgan Stanley increased their price objective on shares of Caesars Entertainment from $51.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday. Barclays increased their price target on shares of Caesars Entertainment from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, January 24th. Bank of America cut their price target on shares of Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. Finally, Truist Financial cut their price target on shares of Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $68.71.
Caesars Entertainment Price Performance
Shares of NASDAQ CZR opened at $53.75 on Friday. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of -9.70 and a beta of 2.88. Caesars Entertainment, Inc. has a 12 month low of $31.31 and a 12 month high of $89.80. The firm's 50 day simple moving average is $47.52 and its 200-day simple moving average is $45.03. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.80 and a quick ratio of 0.78.Caesars Entertainment (NASDAQ:CZR – Get Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. Analysts expect that Caesars Entertainment, Inc. will post -1.72 EPS for the current year.
About Caesars Entertainment
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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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